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Hi Always From your description, your broker / lender gave you a very big helping hand indeed with cross-collateralising your properties. Buying without money is a great achievment and you managed to buy! Regarding the scattered bits of equity, as mentioned (above) many of the lenders...

Addendum Here is a little loan scenario postscript: No: 2 Son Purchased Property #1 $165,000 May, 2005. 90%LVR, Interest Only Opportunity comes to buy Property #2 $161,500 November, 2005. Um. OK, Property #1 is probably worth about $185,000 (desperate vendor, etc) and is on a new...

Hello alwayscurious Sorry! Have I done something to offend you? Your short list of fraternal brokers does not leave much room for the sorority of brokers, so perhaps neither Medine or I should offer an opinion? However, here is mine: Using security in the most appropriate way is what...